Crude Oil Under Pressure: Testing Major Support Amid Downtrend
CRUDE OIL was closed on Friday at weekly lower levels after testing the high level of $ 73.12 in the weekly trading session as WTI crude oil futures lost nearly 2.9% to settle $70.4 per barrel, posting a 0.5% decline for the week, as concerns over Russian supply disruptions provided support while uncertainty loomed over a potential Ukraine peace deal.
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